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one where he will not extend the bush tax cuts for the wealthiest americans. so the fiscal cliff is going to be folded in some way into renegotiating the tax cuts and how they get extended. i think he'll say it's a no-go, i'm not going to extend the bush tax cuts, so either we can negotiate it now and these few remaining weeks before christmas, or we have see the government shut down. i think therwill be a little chicken game playing at the end of the year. what most people in washington likely think will happen is they'll negotiate some way to say here's a broad framework for what both sides want. let's work it out next year. >> sheila behr, i think americans are excited about the future. i'm glad people are feeling a little bit better about it, we all are. what has to happen so that a year if now we're not talking about the 9% versus the 1% and that there is some sense that banks are finally helping america move forward. >> it is your influence policies that jam the lens. the person they can get by lending into a still uncertain economy has. they can take th
one where he will not extend the bush tax cuts for the wealthiest americans. so the fiscal cliff is going to be folded in some way into renegotiating the tax cuts and how they get extended. i think he'll say it's a no-go, i'm not going to extend the bush tax cuts, so either we can negotiate it now and these few remaining weeks before christmas, or we have see the government shut down. i think therwill be a little chicken game playing at the end of the year. what most people in washington likely...
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he wants to cut taxes, reduce regulations, and streamline government. and looking at places from switzerland to singapore to dubai, you can see that being friendly to businesses and to tourists can produce an economic bonanza. in some areas like infrastructure, most agree that the government must act and the need is urgent. if you defer maintenance on your house, the house deteriorates and eventually you actually have to pay more. that is what we are doing with our infrastructure. rather than fix it now when borrowing costs are at historic lows, we're passing a much bigger bill to our children. as i mentioned earlier, the world economic forum ranks us 25th in the world in infrastructure, down from 5th only a decade ago. education may be more complex. just spending money isn't the answer, but the problem is clear. in the 1970s america led the world in the number of college graduates. as of 2009, we're 14th among rich countries. and the jobs of the -- take federal funding for research and development, which is at half the share of gdp that it was in 1960
he wants to cut taxes, reduce regulations, and streamline government. and looking at places from switzerland to singapore to dubai, you can see that being friendly to businesses and to tourists can produce an economic bonanza. in some areas like infrastructure, most agree that the government must act and the need is urgent. if you defer maintenance on your house, the house deteriorates and eventually you actually have to pay more. that is what we are doing with our infrastructure. rather than...
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we get terrible marks on taxes and regulation. on the burden of government regulation the united states ranks 76th, with a score of 3.3 on a total scale of from zero to seven, on the extent and effect of taxation you can the united states ranks 69th out of 144 countries on total tax rate, percentage of profit, the united states came in 103rd out of 144. now the truth is that overall, the u.s. economy remains highly competitive the world economic forums report ranks the u.s. overall as the seventh most competitive in the world. that's why a few months ago, "the economist" magazine predicted an american renaissance. where we have slipped badly of late is in our investments, in people, science and infrastructure. so, president obama's message is urgent and relevant. but why do we have to choose between these two views? we need tax and regulatory reform to make ourselves competitive. america has to make itself attractive for investors, consumers and tourists alike but also should make the crucial investments we need for a 21st century
we get terrible marks on taxes and regulation. on the burden of government regulation the united states ranks 76th, with a score of 3.3 on a total scale of from zero to seven, on the extent and effect of taxation you can the united states ranks 69th out of 144 countries on total tax rate, percentage of profit, the united states came in 103rd out of 144. now the truth is that overall, the u.s. economy remains highly competitive the world economic forums report ranks the u.s. overall as the...
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pointing reporters to this 1993 vote that biden, then senator biden, made which basically increased the taxes on the benefits of social security for seniors. so that's a huge issue because obviously a lot of this plays to seniors in florida, florida, florida, florida, a battleground state there, which is why you hear the romney campaign pushing back against it so hard. deb? >> so much at stake. shannon travis for us there. boy, you know, the countdown, it's going to be very interesting day come election day. thanks so much, shannon. >>> president obama and mitt romney face to face as american voters weigh their choice. the first of three presidential debates will be on wednesday night. we will be here for you. watch it live. 7:00 p.m. eastern on cnn and on cnn.com. >>> well, extremists use violence to keep girls from getting an education, but at least one woman is braving the risks as she makes sure young girls in that country get into school. how can you get back pain relief that lasts up to 16 hours? with thermacare heatwraps. thermacare works differently. it's the only wrap with patented h
pointing reporters to this 1993 vote that biden, then senator biden, made which basically increased the taxes on the benefits of social security for seniors. so that's a huge issue because obviously a lot of this plays to seniors in florida, florida, florida, florida, a battleground state there, which is why you hear the romney campaign pushing back against it so hard. deb? >> so much at stake. shannon travis for us there. boy, you know, the countdown, it's going to be very interesting...
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cut, there will not be tax cuts, big tax cuts? >> it would reduce the rate and in all likelihood you would maintain the same amount of revenue and, of course, revenue grows and people have more confidence in the economy. they have more confidence in fairness and equity and that the rules are rules they can live with. >> governor o'malley, let me pick your brain as head of the democratic governors association. there are 11 governorships up. right now four of the eight that you're defending look like they could go to republicans. what's wrong here at the state level because the republicans look like they're maintaining and could pick up some of the governorships currently held by democrats. what's going on? >> well, actually we're being greatly outspent in virtually every state, and we are defending 11 states. some of them not in the friendliest of terrains for president obama, but as we saw last year in kentucky, a state that where the president did not prevail, our candidate was all about jobs, all about bringing people together t
cut, there will not be tax cuts, big tax cuts? >> it would reduce the rate and in all likelihood you would maintain the same amount of revenue and, of course, revenue grows and people have more confidence in the economy. they have more confidence in fairness and equity and that the rules are rules they can live with. >> governor o'malley, let me pick your brain as head of the democratic governors association. there are 11 governorships up. right now four of the eight that you're...
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it's tax on capital gains. there are lots of people who believe it should be taxed as ordinary income. would you support moving the carried interest so it's taxed as ordinary income? as interest rule. >> it came about always sweat equity. if a restaurant your said i want to open a restaurant. want you to invest $50,000. you take 80% of the profits and i'm take 20%. that's what carried interest is. it's what the venture capital firms do and that's how people are compensated. do. it gets people to look at it, the tax code should be looked at from farm subsidies to carried interest and corporate loopholes because we need to raise more revenue. >> what do you think of this man as a leader? he hired you, i assume. >> he gave me my first job back at bain and company before bain capital was started. he's an incredible family man. he's got a good sense of humor. it sometimes gets him in trouble but he's got a great sense of humor, and he has a great sense of humor. i'm heartened by the fact that we have two fantastic c
it's tax on capital gains. there are lots of people who believe it should be taxed as ordinary income. would you support moving the carried interest so it's taxed as ordinary income? as interest rule. >> it came about always sweat equity. if a restaurant your said i want to open a restaurant. want you to invest $50,000. you take 80% of the profits and i'm take 20%. that's what carried interest is. it's what the venture capital firms do and that's how people are compensated. do. it gets...
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it's tax on capital gains. there are lots of people who believe it should be taxed as ordinary income. would you support moving the carried interest so it's taxed as interest rule. >> it came about always sweat equity. if someone came to you and said i want to open a restaurant. you take 80% of the profits and i'm take 20%. that's what care rid interest is. it's what the venture capital firms do and that's how people do. it incents people to look at it. all the way to farm countries to carried interest because we need to raise more revenue. >> what do you think of this man as a leader? he hired you, i assume. >> he gave me my first job back at bane company. he's an incredible family man. he's got a good sense of humor. it sometimes gets him in trouble but he geeset great sense of humor, and he's have very good sense ofhumor. i'm heartened by the fact that we have two fantastic candidates. i worked with president obama as well. they boenlt have a high degree of education and both knowledgebling. i think we're lu
it's tax on capital gains. there are lots of people who believe it should be taxed as ordinary income. would you support moving the carried interest so it's taxed as interest rule. >> it came about always sweat equity. if someone came to you and said i want to open a restaurant. you take 80% of the profits and i'm take 20%. that's what care rid interest is. it's what the venture capital firms do and that's how people do. it incents people to look at it. all the way to farm countries to...
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>> we have a very different plan on how to offer tax relief. >> thanks for spending a few moments with us. you, sir, are great. >> thank you. >> a conversation with daryl hammond. plus the media krieled foul again and again and again when an nfl replacement ref blows a big qaa. we'll blow the was on that high decibel coverage. i'm howard kufrt and this is "reliable sources." -- captions by vitac -- www.vitac.com >>> every day it seems the media is finding new reasons for why romney has fallen behind. as politico said the other day, maybe he's a lousy daenlt. someone commented maybe the polls are wrong. >> ed, do you buy this into this theory, look, mainstream media is going to talk down -- >> we have a no whining rule in boston oi about that. >> the debates on wednesday is his last shot. joining me, anna marie cox, politic political columnist for the guardian. and in new york editor of thomson reuters digital. the debates, very important. mass audience, no question about it. but are the media guilty of giving the impression that one candidate or the other could score a big knockout? >>
>> we have a very different plan on how to offer tax relief. >> thanks for spending a few moments with us. you, sir, are great. >> thank you. >> a conversation with daryl hammond. plus the media krieled foul again and again and again when an nfl replacement ref blows a big qaa. we'll blow the was on that high decibel coverage. i'm howard kufrt and this is "reliable sources." -- captions by vitac -- www.vitac.com >>> every day it seems the media is...
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. >> it's been taxing. some have called it the term of the century. >> reporter: now three months later the court is back and there's no sign of it cooling down. >> the justices are moving right into the fire. they're tackling some of the most legal questions of the day. across the board probably the most biggest term in at least a decade. >> reporter: same-sex marriage, voting rights, and abortion are all likely to come up this term which kicks off monday. >> there are some very exciting cases already on the docket and there's a lot more in the pipeline that the court's going to be making a decision on soon. >> reporter: another set of big decisions will bring more scrutiny on the chiefs justice. rulings that the health care program he offered caused a rift between anton and scalia. >> no, i did not have a falling out with justice roberts. >> loud words exchanged? slamming of doors? >> no? >> no, no. >> nothing like that? >> nothing like that. >> liberals fear a more hard line, dogmatic shift to the right.
. >> it's been taxing. some have called it the term of the century. >> reporter: now three months later the court is back and there's no sign of it cooling down. >> the justices are moving right into the fire. they're tackling some of the most legal questions of the day. across the board probably the most biggest term in at least a decade. >> reporter: same-sex marriage, voting rights, and abortion are all likely to come up this term which kicks off monday. >>...